FY 2009 estimates take advantage of the 2007 American Community Survey (ACS) 3-year data published by the Bureau of the Census. While HUD's FY2009 median family income (MFI) estimates are still updates of 2000 Census data, the 2009 HUD update factors are similar to the methodology employeed to generate FY2008 update factors; however, FY 2009 estimates use 3 year ACS data because more areas are covered by the 3 year estiamtes. In general:
HUD's FY 2009 MFI estimates make more extensive use of ACS data than previous years. All estiamtes are projected forward from 2007 to April 1, 2009, using an annual trend factor of 3.0 percent. Except for minor modifications, HUD continues to use the same area definitions used in FY2006.
Overall there are increases in estimated HUD family incomes between 2008 and 2009. Lastly, since the ACS responses where delivered between 2005 and 2007, the impact of the recession which began in 2008 on family incomes is not measured by these data.
Due to it's size, Orlando-Kissimmee, FL MSA does not have published local area 3 year 2007 ACS Survey results.
The step-by-step procedures used to develop FY 2009 estimates for Orlando-Kissimmee, FL MSA are as follows:
|=||ACS State Income Change|
Step 1 median family income
* Step 2 Local Update Factor
* 1.03 (3.0% annual trending) 1.25 years
= FY 2009 Median Family Income estimate
Although HUD is revising its median family income estimates to use the new ACS data, it is continuing its hold-harmless policy with respect to income limits. That is, HUD will continue to set income limits at the higher of normal income limit calculations or at the previous year's income limits.
|Area||2000 Census Median Income|
|Orlando-Kissimmee, FL MSA||$47,760|
|Area||ACS State MFI2007||Year End 2007 Update Factor||Census State MFI1999||Result|
|Orlando-Kissimmee, FL MSA||$55,534||(211.680 / 207.342)
|$45,625||($55,534*1.0209) / $45,625
|Area||Step 1||Step 2
Local Update Factor
3.0% for 1.25 years
Area MFI Estimate
|Orlando-Kissimmee, FL MSA||47,760||1.2427||1.031.25
|(47,760 * 1.2427 * 1.03764)
FY 2009 MFI Estimate
FY 2009 MFI Estimate
|Orlando-Kissimmee, FL MSA||$61,582.96||$61,600|
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